LOS ANGELES--(BUSINESS WIRE)--StartEngine Capital, LLC, a wholly owned subsidiary of StartEngine Crowdfunding Inc. (https://www.startengine.com/), a funding portal that helps companies raise capital utilizing the Regulation Crowdfunding exemption from registration under the Securities Act of 1933, announced that it is now accepting Bitcoin as a form of payment. This new feature makes StartEngine the only FINRA-regulated funding portal to currently accept the cryptocurrency as a form of investment on its platform.
StartEngine Crowdfunding Inc. began accepting Bitcoin on its marketing platform for offerings using the exemptions Regulation A and Regulation D Rule 506(c) earlier this spring by transferring Bitcoin investments directly to the company raising capital without converting the Bitcoin into fiat. With this latest product release, all offerings on StartEngine can now accept Bitcoin investments.
“When we began hosting regulated ICOs on our platform in the fall of 2017, we knew there was a market demand for entrepreneurs that wanted to accept cryptocurrency directly. Those entrepreneurs can now accept Bitcoin as a form of payment, and we hope to continue to make our platform more accessible to both entrepreneurs and investors,” said Howard Marks, co-founder and CEO of StartEngine. “We needed to find a qualified custodian in order to accept Bitcoin, and with Prime Trust as our partner, we are now the only regulated entity to accept Bitcoin as a form of payment for securities.”
This development is yet another move by StartEngine into the crypto space since the company began accepting ICOs relying on exemptions from registration under the Securities Act late last year. To date, the StartEngine platform has been used by more than 160 companies to raise capital, including tZERO, one of the largest ICOs to date. StartEngine is currently “testing the waters” for its own ICO under Regulation A, allowing investors to indicate interest in investing in tokenized shares.
“As the market leader in Regulation CF equity crowdfunding, it is important to offer Bitcoin as a form of payment for our ICOs and Online Public Offerings,” said Marks.
For more information on StartEngine visit: https://www.startengine.com.
About StartEngine
StartEngine is a leading equity crowdfunding platform in the U.S., connecting everyday investors with tomorrow’s progressive companies. Utilizing its expertise in regulated exempt offerings under the Securities Act, StartEngine has helped more than 160 companies raise capital and has over 150,000 registered investors. Based in Los Angeles, the company was created in 2014 by Howard Marks, co-founder of Activision, and Ron Miller. StartEngine is committed to revolutionizing the ways companies raise capital and to helping entrepreneurs achieve their dreams. StartEngine Crowdfunding is a not a broker-dealer, funding portal or investment adviser. StartEngine Capital, LLC is a funding portal registered with the US Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA).
About Prime Trust
Prime Trust is the leading technology-driven trust company with a focus on securities escrow & compliance, asset protection and custodian for privately issued securities. Prime Trust has deep experience in all facets of trust operations, banking, securities regulation, and governmental affairs. They deliver world-class solutions and services to individuals and corporations of all sizes to keep them protected. Member, American Bankers Association and Nevada Trust Company Association. All cash is FDIC insured, and all other assets in accounts are insured up to $5 million each.
